Membership
The IDA has 172 member countries which pay contributions every three years as replenishments of its capital. The IDA lends to 81 borrowing countries, nearly half of which are in Africa. Membership in the IDA is available only to countries who are members of the World Bank, particularly the IBRD. Throughout its lifetime, 36 borrowing countries have graduate from the association, although a number of these countries have relapsed as borrowers after not sustaining their graduate status.
To be eligible for support from the IDA, countries are assessed by their poverty and their lack of creditworthiness for commercial and IBRD borrowing. The association assesses countries based on their per capita income, lack of access to private capital markets, and policy performance in implementing pro-growth and anti-poverty economic or social reforms. As of 2012, to borrow from the IDA's concessional lending programs, a country's gross national income (GNI) per capita must not exceed $1,175 (in 2010 dollars).
Read more about this topic: International Development Association
Famous quotes containing the word membership:
“The two real political parties in America are the Winners and the Losers. The people don’t acknowledge this. They claim membership in two imaginary parties, the Republicans and the Democrats, instead.”
—Kurt Vonnegut, Jr. (b. 1922)